vietexplorer0016

In addition to introducing new mechanisms and policies to attract investors in key sectors, Vietnam is also implementing a range of supportive measures. These include developing land funds, industrial park infrastructure, enhancing human resources and the labor market, and improving energy infrastructure, as well as supporting industries. Vietnam has successfully attracted large volumes of capital through both the capital market and foreign direct investment in recent years, significantly contributing to its economic growth. The year 2024 was a landmark for the economy and the capital market, with a total capital mobilization of nearly 930 trillion VND. This amount was 1.3 times higher than in 2023 and equated to 25% of total social investment. The stock market capitalization reached 62.5% of GDP, while the bond market’s outstanding debt stood at 31.5% of GDP. Foreign investors played a significant role, opening nearly 48,000 trading accounts and reaching a total transaction value of...

In today’s digital era, Vietnam recognizes the pivotal role of science, technology, innovation, and digital transformation as key drivers of its economic growth and national advancement. The Politburo’s Resolution No.57-NQ/TW, issued on December 22, 2024, underscores this by emphasizing these areas as “top priority breakthroughs” for the nation’s new growth model. At a recent workshop on the capital market’s role in fostering Vietnamese tech firms, Minh highlighted the importance of a robust capital market in nurturing innovation among technology businesses. Leading economies such as the US, China, and Singapore have successfully developed their capital markets to enable startups to secure funding through Initial Public Offerings (IPOs), thus creating “unicorns” – startups valued at over 1 billion USD. Despite Vietnam’s vibrant startup ecosystem, the emergence of “unicorns” has been relatively scarce. As of 2021, Vietnam was home to four tech unicorns: VNG, MoMo, VNLife (VNPay), and...